November 2017

No Image

Pablo Soria de Lachica – Discusses Potential Employment Boost in Earthquake-Hit Mexico Areas

Human tragedy is the immediate observable consequence when natural disasters of devastating magnitude strike, but after the initial shockwave, the affected society turns its attention to matters such as infrastructure, housing, and public services. The process of restoration begins and with it come new opportunities, especially in the areas of building construction and civil engineering. This is likely to be the case in Mexico, which was rocked by two massive earthquakes in September this year and faces the onerous task of rebuilding. But reconstruction campaigns could actually provide an economic boost to the affected areas and create opportunities for new employment, according to acclaimed foreign exchange broker Pablo Soria de Lachica. Despite the damage caused by the two temblors, the Mexican central bank said in October it did not expect the national economy to be significantly impacted in the long term. Although short-term growth could slow down, the country is likely to make up for the decline, the…

No Image

Pablo Soria de Lachica – on Investment Opportunities in Aftermath of Mexico Earthquakes

On Sept. 19, a 7.1 magnitude earthquake struck Mexico City, destroying billions of dollars worth of homes, businesses and infrastructure. The local and surrounding economies took an expected downturn following the disaster, but analysts are confident that reconstruction efforts will spur growth across the nation. Internationally acclaimed broker Pablo Soria de Lachica explains that investment opportunities will be ample throughout the recovery efforts. The week after the earthquake, Alfredo Coutino, Latin American director for Moody’s Analytics, reported a preliminary estimate that Mexico could lose between 0.1 and 0.3 percent off their gross domestic product (GDP) in the third and fourth quarters. For the full year the impact will be small as funds are expected to pour into the economy as the federal government releases disaster funds. As of June, the city’s disaster fund stood at 9.4 billion pesos (more than $500 million), making it slightly larger than the national holding. Mexico’s education ministry also has 1.8 million…